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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Distribution centers
8701 Warehouse Ctr Dr Humble, TX 77338-2060
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3700178
Property summary
AI-generated overview
This exceptional 92,764-square-foot Class B warehouse, built in 2006 and renovated in 2018, presents a significant opportunity for businesses seeking efficient and well-appointed industrial space. The single-story building boasts a 25-foot clear height, facilitating ample storage and operational flexibility. With 34 dock-high doors and 3 drive-in ramps, loading and unloading are streamlined. The cross-dock configuration optimizes workflow, complemented by 22 edge-of-dock levelers and 10 pit levelers. The substantial 8.5-acre lot provides extensive trailer storage within a secured and fenced truck court, extending 185 feet deep. The building includes 16,563 square feet of office space, catering to administrative needs. Modern amenities include a fully sprinklered system and energy-efficient LED warehouse lighting. Its strategic location offers unparalleled access to major transportation arteries, situated just two miles from Bush Intercontinental Airport and minutes from US 59 and Beltway 8, ensuring seamless regional connectivity. The 52' x 80' column spacing maximizes usable space and operational efficiency. This property is ready for immediate occupancy.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
STEEL FRAME
Total area
15,968 SF
Lot
8.5 ac (370,260 SF)
APN
1164130030003
UPID
US82-3700178
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Forward Air Solutions Freight Service Logistics Company
-
North Star World Trade Services Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.10M
Owner & transaction history
Dct 8701 Warehouse Tx LLC
Dct 8701 Warehouse Tx LLC
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+83.3%
Auto repair, garage
$1.3M
+67.0%
Apartment house (5+ units)
$1.2M
+54.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Humble submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Humble submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$760,000
Current use
RESTAURANT
$1,395,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,270,000
Change: +67% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,175,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$117,337
Tax year 2023
Assessed value
$10,098,880
Assessed 2024
Previous assessed
$10,098,880
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,110,780
Assessed improvement
$8,988,100
Land market value
$1,110,780
Improvement market value
$8,988,100
Total market value
$10,098,880
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
15,968 SF
Lot
8.5 ac (370,260 SF)
APN
1164130030003
UPID
US82-3700178
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$760,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
8.5 ac
Current owner
From public records · entity-resolved
Dct 8701 Warehouse Tx LLC
Entity
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Dct 8701 Warehouse Tx LLC
—
Deed Of Trust
related
$1,500,000 · Nationwide Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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